A key element of IR work is the continuous and transparent dialogue with analysts, as already mentioned. As of December 31, 2023, NORMA Group was covered by ten analysts from various banks and research companies. Of these, four analysts recommended buying the share and six recommended holding the share, as of December 31, 2023. The average target price at the end of December 2023 was EUR 18.70 (2022: EUR 25.08).

Analysts covering NORMA Group

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These contents are part of the Non-financial Group Report and were subject to a separate limited assurance examination.